Feb 23, 2022 / 05:40PM GMT
Matthew Thomas Farrell - Church & Dwight Co., Inc. - President, CEO & Chairman
Thank you all for dialing in to join us today. I'm going to begin with the safe harbor statement. I recommend you read it at your leisure. I'm going to give you the short story upfront. 2021 was the year of supply chain disruption, inflation and high consumer demand. We acted quickly in response. We raised price, and we added a significant number of co-packers and suppliers to our network. Consumer demand drove significant sales growth, which enabled us to offset some of the inflation. Because of the demand, we are now planning to significantly expand our capacity for vitamins, litter and laundry in the next 2 years.
During the past year, we kept our focus on being digitally savvy as our online sales grew to 15% of our global sales. We posted full year 2021 organic sales of 4%, which was broad-based across all our businesses, U.S., international and specialty products. Our full year 2021 EPS growth of 7% is down the middle of the 6% to 8% EPS outlook that we announced 12 months ago. We feel very good about
Church & Dwight Co Inc at Consumer Analyst Group of New York (CAGNY) Virtual Conference Transcript
Jan 22, 2024
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